Issuance strategy

Domestic borrowing
According to Economic Survey, December 2018 the central government financing requirement is:

​Central government financing requirement
​Kr. billion 2019
​Net financing requirement​9
Purchase of bonds to finance social housing​50
​Redemptions of bonds etc.1​54
​Repayments of short-term debt​30
​Financing requirement   ​144

1Including payments from the central government in currency and interest swaps and net bond purchases of state  owned funds.

Note: According to Economic Survey, December 2018 ​ ​

The target for issuance of government bonds and T-bills in 2019 is kr. 65 billion and kr. 30 billion, respectively. This is unchanged from 2018. On 23 January, a new 10-year bond with maturity in 2029 will be opened. A new 2-year bond with maturity in 2022 will also be opened in the 1st half of the year. The focus will be on issuance in the 2-year and 10-year nominal bonds.

 

Central government financing ​
​Kr. billion                                                          2019
​Issuance of government bonds via auctions and tap65​
​Issuance of T-bills​30
​Drawing on the central-government's account​48
Financing, total 144

Foreign borrowing
The strategy is not to issue foreign bonds in 2019. Issuance can be conducted in the Commercial Paper-programs.